IDBI Bank to get Rs 810-cr capital via preferential issue

Industrial Developmental Bank of India (IDBI) said the Government of India (GoI) had decided to infuse capital funds to the tune of Rs 810 crore by way of preferential allotment of equity, IDBI Bank said in filing on the BSE.

Last month, the bank decided to sell 5 per cent stake to Life Insurance Corporation (LIC) on preferential basis.